UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                           Washington D.C. 20549



                                FORM 10-QSB

     [X]   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                   SECURITIES EXCHANGE ACT OF 1934

               For quarterly period ended March 31, 2003

     [ ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                     SECURITIES EXCHANGE ACT OF 1934

         For the transition period from _______ to __________

                   Commission File Number: 0-25909

                          Multi-Tech International, Corp.
      ----------------------------------------------------
              (Exact name of Small Business Issuer in its Charter)

                Nevada                                  86-0931332
    ------------------------------                  -------------------
   (State or other jurisdiction of                   (I.R.S. Employer
    incorporation or organization)                  Identification No.)

                    760 Killian Road, Akron, OH 44319
         ------------------------------------------------------
                (Address of principal executive offices)

                          (216)849-4934
                    --------------------------
                    (Issuer's telephone number


Check whether the issuer: (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

                                           Yes [ X ]      No [  ]

State the number of shares outstanding for each of the issuer's
classes of Common Stock as of the last practical date:

Common Stock, $0.001 par value per share, 40,257,934 outstanding as of May 19
2003 Preferred Non-Voting Stock, $0.001 par value per share, one outstanding
as of May 19, 2003.

Transactional Small Business Disclosure Format

                                          Yes [   ]      No [ X ]

<PAGE>


                           Multi-Tech International, Corp.
                                TABLE OF CONTENTS

Item 1.   Financial Statements
          Balance Sheet (unaudited)............................   3- 4
          Statements of Operations (unaudited).................      5
          Statements of Cash Flows (unaudited).................      6
          Statements of Changes in stockholder's Equity -1.....      7
          Statements of Changes in stockholder's Equity -2.....      8
          Statements of Changes in stockholder's Equity -3.....      9
          Statements of Changes in stockholder's Equity -4.....     10
          Notes to Financial Statements........................  11-17

Item 2.  Management's Discussion and Analysis of Plan
           of Operation........................................  18-26

Item 3.  Controls and Procedures...............................   ..26

PART II. OTHER INFORMATION

Item 1.   Legal Proceedings....................................     26

Item 2.   Changes in Securities ...............................     26

Item 3.   Defaults upon Senior Securities......................     26

Item 4.   Submission of Matters to a Vote
           of Security Holders.................................     26

Item 5.   Other Information....................................     26

Item 6.   Exhibits and Reports on Form 8-K.....................     26

Signatures.....................................................     26
                                    Page Two

<PAGE>

PART I. FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS AND EXHIBITS

The unaudited financial statements of registrant for the three
months ended March 31, 2003, follow.  The financial statements
reflect all adjustments which are, in the opinion of management,
necessary to a fair statement of the results for the interim period
presented.


MULTI-TECH INTERNATIONAL, CORP.
(DEVELOPMENT STAGE COMPANY)
INTERIM BALANCE SHEET
AS AT MARCH 31, 2003
----------------------------------------------------------------------------
(UNAUDITED)

<TABLE>
<CAPTION>
                                   MARCH 31, 2003          DECEMBER 31, 2002
                                     (UNAUDITED)              (AUDITED)
----------------------------------------------------------------------------
<S>                                 <C>                   <C>
ASSETS

CURRENT
Cash                                  $         94             $          0
Marketable securities                       36,100                   36,100
Prepaid assets and sundry assets            50,000                   55,348
----------------------------------------------------------------------------
Total Current Assets                        86,194                   91,448
----------------------------------------------------------------------------
FIXED
Equipment                                   31,387                   33,479
Office furniture                             5,418                    5,619
Leasehold improvements                           0                    5,959
Vehicle                                          0                    1,328
----------------------------------------------------------------------------
TOTAL FIXED ASSETS                          36,805                   46,385
----------------------------------------------------------------------------
OTHER

Patents                                  4,207,744                4,204,744
----------------------------------------------------------------------------
TOTAL OTHER ASSETS                       4,207,744                4,207,744
----------------------------------------------------------------------------
                                      $  4,327,743             $  4,342,577
----------------------------------------------------------------------------

</TABLE>


                                    Page Three
<PAGE>

MULTI-TECH INTERNATIONAL, CORP.
(A DEVELOPMENT STAGE COMPANY)
INTERIM BALANCE SHEET
AS AT MARCH 31, 2003
----------------------------------------------------------------------------
(UNAUDITED)

<TABLE>
<CAPTION>
                                  MARCH 31, 2003           DECEMBER 31, 2002
----------------------------------------------------------------------------
                                    (UNAUDITED)               (AUDITED)
<S>                               <C>                     <C>

LIABILITIES

CURRENT
Accounts payable                            18,434                   18,434
Loans payable                               11,002                   10,826
Loan from a director                             0                        0
Note payable                             4,297,248                4,301,776
----------------------------------------------------------------------------
                                         4,326,684                4,331,036
----------------------------------------------------------------------------

STOCKHOLDERS' EQUITY

Prefered stock, authorized 5,000,000
shares par value 0.001
-issued and outstanding - none                -                       -

Common stock, authorized 1,00,000,000
shares, par value 0.001
issued and outstanding  40,257,934          40,258                   40,908
(2002 - 40,907,934)

Additional Paid in Capital               9,947,116                9,947,766
Donated Capital                            818,871                  818,871

Deficit accumulated
during development stage               (10,805,186)             (10,796,004)
----------------------------------------------------------------------------

Total Stockholders' Equity                   1,059                   11,541
----------------------------------------------------------------------------
Total Liabilities and
Stockholders' Equity                  $  4,327,743             $  4,342,577
----------------------------------------------------------------------------
</TABLE>

                                            Page Four
<PAGE>

MULTI-TECH INTERNATIONAL, CORP.
(DEVELOPMENT STAGE COMPANY)
INTERIM STATEMENT OF OPERATIONS
----------------------------------------------------------------------------
(UNAUDITED)

<TABLE>
<CAPTION>
                                                                                       FROM
                                                                                     INCEPTION
                                                                                     SEPTEMBER
                                                                       YEAR          21, 1998
                                                                       ENDED             TO
                                 THREE MONTHS ENDED MARCH 31         DECEMBER          MARCH
                                     2003             2002            31, 2002        31, 2003
-----------------------------------------------------------------------------------------------
                                 (UNAUDITED)      (UNAUDITED)        (AUDITED)      (UNAUDITED)

<S>                             <C>              <C>              <C>              <C>
REVENUE                         $      4,280     $          0     $        197     $      4,477
-----------------------------------------------------------------------------------------------

EXPENSES
Selling, general
and Administrative
expenses                              13,462          177,207          213,164       11,109,663
-----------------------------------------------------------------------------------------------

Total Operating Expenses              13,462          177,207          216,164       11,109,663
-----------------------------------------------------------------------------------------------

NET LOSS BEFORE UNDERNOTED
ITEM                                  (9,182)        (177,207)        (212,967)     (11,105,186)

GAIN ON SETTLEMENT OF DEBT                 0                0          300,000          300,000
 -----------------------------------------------------------------------------------------------
NET INCOME (LOSS) FROM
OPERATOINS                      $     (9,182)    $   (177,207)    $     87,033     $(10,805,186)
-----------------------------------------------------------------------------------------------

Weighted average number of
shares outstanding                 40,366,267       87,816,920       10,565,237
                                -----------------------------------------------
                                -----------------------------------------------
Net incom(loss) per share
Basic                           $     -          $     -          $        0.01
                                -----------------------------------------------
                                -----------------------------------------------
Net income(loss per share
Fully Diluted                   $     -          $     -          $        0.01
                                -----------------------------------------------
                                -----------------------------------------------
</TABLE>


                                            Page Five
<PAGE>


MULTI-TECH INTERNATIONAL, CORP.
(A DEVELOPMENT STAGE COMPANY)
INTERIM STATEMENT OF CASH FLOWS
----------------------------------------------------------------------------
(UNAUDITED)

<TABLE>
<CAPTION>
                                                                       FROM
                                                                    INCEPTION
                                                                    SEPTEMBER
                                                                     21, 1998
                                                                         TO
                                 THREE MONTHS ENDED MARCH 31          MARCH
                                     2003             2002          31, 2003
-------------------------------------------------------------------------------
                                 (UNAUDITED)      (UNAUDITED)      (UNAUDITED)
<S>                             <C>              <C>              <C>

Cash Flow From Operating
Activities

Net loss                         $     (9,182)        (177,207)    (10,805,186)
-------------------------------------------------------------------------------
Adjustments to reconcile net
loss to net cash used in
operating activities:
  Stock issued for services            (1,300)         176,330       9,739,979
  Depreciation and
  amortization                          2,293              621           6,118
Change in assets and liabilities
  (Increase) Decrease in prepaid
   expenses                             5,348                0         (50,000)
  Increase in accounts payable              0                0          18,434
-------------------------------------------------------------------------------
                                        6,341          176,951       9,714,531
 -------------------------------------------------------------------------------
Cash Used In Operating
Activities                             (2,841)            (256)     (1,090,655)
-------------------------------------------------------------------------------

Cash Flow From Financing
Activities
Increase in loans payable                 176                0          11,002
Stock issued on account of
purchase of assets                          0                0          30,321
Note payable on account of
purchase of assets                     (4,528)               0       4,297,248
Issuance of common stock for
cash                                        0                0         216,374
Donated capital                             0                0         818,871
-------------------------------------------------------------------------------
Cash Provided by Financing
Activities                             (4,352)               0       5,373,816
-------------------------------------------------------------------------------

Cash Flow From Investing
Activities
Purchase of fixed assets                    0                0         (49,510)
Disposal of fixed assets                7,287                0           7,287
Acquisition of marketable
securities                                  0                0         (36,100)
Acquisition of patents                      0                0      (4,204,744)
-------------------------------------------------------------------------------
Cash Used In Investing
Activities                             (7,287)               0      (4,283,067)
-------------------------------------------------------------------------------
Increase (Decrease) In Cash                94             (256)             94

Cash and Cash Equivalents
Beginning of Period                         0              368               0
-------------------------------------------------------------------------------
Cash and Cash Equivalents
End of Period                    $         94     $        112    $          0
-------------------------------------------------------------------------------
</TABLE>

                                            Page Six
<PAGE>


MULTI-TECH INTERNATIONAL, CORP.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - 1
FROM INCEPTION (SEPTEMBER 21, 1998) TO MARCH 31, 2003
----------------------------------------------------------------------------
UNAUDITED
<TABLE>
<CAPTION>
                                                                                         DEFICIT
                                                                                       ACCUMULATED
                                   COMMON                  ADDITIONAL                     DURING         TOTAL
                                   STOCK                    PAID IN        DONATED     DEVELOPMENT    STOCKHOLDERS'
                                   SHARES          AMOUNT    CAPITAL       CAPITAL        STAGE         EQUITY
<S>                             <C>           <C>           <C>           <C>          <C>          <C>
September 21, 1998-
issued for cash                  3,000,000    $    3,000    $    5,016    $        0   $        0    $    8,016
-------------------------------------------------------------------------------------------------------------------
Net loss for year ended
   December 31, 1998                     0             0             0             0       (6,841)       (6,841)
-------------------------------------------------------------------------------------------------------------------

Balances as at
   December 31, 1998             3,000,000         3,000         5,016             0       (6,841)        1,175

February 28, 1999 - issued
   from sale of public
   offering                        767,000           767        37,591             0            0        38,358

Net loss for year ended
   December 31, 1999                     0             0             0             0      (28,815)      (28,815)
-------------------------------------------------------------------------------------------------------------------

Balances as at
   December 31, 1999             3,767,000         3,767        42,607             0      (35,656)       10,718
-------------------------------------------------------------------------------------------------------------------

</TABLE>
   The accompanying notes are an integral part of these financial statements.

                                            Page Seven
<PAGE>

MULTI-TECH INTERNATIONAL, CORP.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - 2
FROM INCEPTION (SEPTEMBER 21, 1998) TO MARCH 31, 2003
----------------------------------------------------------------------------
UNAUDITED

<TABLE>
<CAPTION>
                                                                                         DEFICIT
                                                                                       ACCUMULATED
                                   COMMON                  ADDITIONAL                     DURING         TOTAL
                                   STOCK                    PAID IN        DONATED     DEVELOPMENT    STOCKHOLDERS'
                                   SHARES          AMOUNT    CAPITAL       CAPITAL        STAGE         EQUITY
<S>                             <C>           <C>           <C>           <C>          <C>          <C>

FORWARD                          3,767,000         3,767        42,607             0      (35,656)       10,718

March 10, 2000 -
issued for cash                  3,000,000         3,000        27,000             0            0        30,000

March 26, 2000 -
issued for services              1,675,000         1,675     2,929,575             0            0     2,931,250

April 24, 2000 - issued for
advertising services             1,000,000         1,000     1,199,000             0            0     1,200,000

June 5, 2000 - issued for
services                           200,000           200       119,800             0            0       120,000

June 15, 2000 - issued for
services                           944,220           944       376,744             0            0       377,688

July 21, 2000 - issued for
services                           500,000           500       134,500             0            0       135,000

July 21, 2000 - issued for
services                         2,000,000         2,000       538,000             0            0       540,000

July 14, 2000 - issued for
services                           575,000           575       154,675             0            0       155,250

August 7, 2000 - issued for
services                           660,000           660       184,140             0            0       184,800

September 13, 2000 - issued
for services                       760,000           760       212,040             0            0       212,800

November 9, 2000 - issued
for services                     5,000,000         5,000     1,395,000             0            0     1,400,000

December 22, 2000 - issued
for services                     5,720,500         5,720     1,596,020             0            0     1,601,740

Shareholder donated capital              0             0             0       730,936            0       730,936
-------------------------------------------------------------------------------------------------------------------
SUBTOTAL                        25,801,720        25,801     8,909,101       730,936      (35,656)    9,630,182
-------------------------------------------------------------------------------------------------------------------
</TABLE>
   The accompanying notes are an integral part of these financial statements.

                                            Page Eight
<PAGE>

MULTI-TECH INTERNATIONAL, CORP.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - 3
FROM INCEPTION (SEPTEMBER 21, 1998) TO MARCH 31, 2003
----------------------------------------------------------------------------
                                                   UNAUDITED
<TABLE>
<CAPTION>
                                                                                         DEFICIT
                                                                                       ACCUMULATED
                                   COMMON                  ADDITIONAL                     DURING         TOTAL
                                   STOCK                    PAID IN        DONATED     DEVELOPMENT    STOCKHOLDERS'
                                   SHARES          AMOUNT    CAPITAL       CAPITAL        STAGE         EQUITY
<S>                             <C>           <C>           <C>           <C>          <C>          <C>

FORWARD                         25,801,720        25,801     8,909,101       730,936      (35,656)    9,630,182

Net Loss for year ended
   December 31, 2000                     0             0             0             0   (4,391,448)   (4,391,448)
-------------------------------------------------------------------------------------------------------------------

Balances as at
  December 31, 2000            25,801,720         25,801     8,909,101       730,936   (4,427,104)    5,238,734

March 2, 2001 - issued for
services                        10,890,000        10,890       479,160             0            0       490,050

April 11, 2001 - issued for
services                        22,625,000        22,625       181,000             0            0       203,625

April 11, 2001 - sold shares
to qualified investor           12,500,000        12,500        57,500             0            0        70,000

May 15, 2001 - sold shares
to qualified investor           12,500,000        12,500        57,500             0            0        70,000

June 1, 2001 - issued for
services                         3,500,000         3,500       171,500             0            0       175,000

Shareholder paid expenses
of business                              0             0             0        87,935            0        87,935

2001 - issued restricted
shares                           6,601,633         6,602             0             0            0         6,602

Net Loss for year ended
  December 31, 2001                      0             0             0             0   (6,455,933)   (6,455,933)
-------------------------------------------------------------------------------------------------------------------
Balances as at
   December 31, 2001            94,418,353        94,418     9,855,761       818,871  (10,833,037)     (113,987)
-------------------------------------------------------------------------------------------------------------------
</TABLE>
   The accompanying notes are an integral part of these financial statements.

                                            Page Nine
<PAGE>

MULTI-TECH INTERNATIONAL, CORP.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - 4
FROM INCEPTION (SEPTEMBER 21, 1998) TO MARCH 31, 2003
----------------------------------------------------------------------------
UNAUDITED

<TABLE>
<CAPTION>
                                                                                         DEFICIT
                                                                                       ACCUMULATED
                                   COMMON                  ADDITIONAL                     DURING         TOTAL
                                   STOCK                    PAID IN        DONATED     DEVELOPMENT    STOCKHOLDERS'
                                   SHARES          AMOUNT    CAPITAL       CAPITAL        STAGE         EQUITY
<S>                             <C>           <C>           <C>           <C>         <C>            <C>

FORWARD                         94,418,353        94,418     9,855,761       818,871   (10,833,037)     (113,987)

November 15, 2002 - Reverse
   Stock Split (14.525:1)      (87,917,971)      (87,918)       87,918             0             0             0
--------------------------------------------------------------------------------------------------------------------
Balances - post stock split      6,500,382         6,500     9,943,679       818,871   (10,833,037)     (113,987)

December 9, 2002 - issued
for asset purchase              30,320,522        30,321             0             0             0        30,321

December 9, 2002 - issued
for services                     4,087,000         4,087         4,087             0             0         8,174

Net Income for year ended
December 31, 2002                        0             0             0             0        87,033        87,033
--------------------------------------------------------------------------------------------------------------------
Balances as at
   December 31, 2002            40,907,934    $   40,908    $9,947,766    $  818,871  $(10,796,004)  $    11,541
--------------------------------------------------------------------------------------------------------------------
January 15, 2003 - cancelled
   consulting services of
   GCD Investments, LLC           (500,000)         (500)         (500)            0             0        (1,000)

January 15, 2003 - cancelled
   consulting services of
   Rodney R. Schoemann            (150,000)         (150)         (150)            0             0          (300)

Net Loss - three months
   ended March 31, 2003                  0             0             0             0        (9,182)       (9,182)
--------------------------------------------------------------------------------------------------------------------
Balances as at
   March 31, 2003               40,257,934    $   40,258    $9,947,116    $  818,871  $(10,805,186)  $     1,059
--------------------------------------------------------------------------------------------------------------------
</TABLE>
   The accompanying notes are an integral part of these financial statements.

                                            Page Ten
<PAGE>


                            MULTI-TECH INTERNATIONAL, CORP.
                             (A DEVELOPMENT STAGE COMPANY)
                         NOTES TO INTERIM FINANCIAL STATEMENTS
                                AS AT MARCH 31, 2003
                                      (UNAUDITED)

1.     ORGANIZATION AND BASIS OF PRESENTATION

       Nature of Business

       Multi-Tech International, Corp. (the "Company") was incorporated on
       September 21, 1998 under the laws of the State of Nevada. The
       Company was originally incorporated under the name of Oleramma Inc.
       On April 28, 1999, the Company changed its name to BuckTV,Com, Inc.
       on the basis that the Company would market consumer products
       through an Interactive Web site. The Company's primary business
       operations are to engage in any lawful activity.  The Company again
       changed its name in November 2002 to Multi-Tech International, Corp
       to more accurately describe the direction in which the Company has
       taken which is more accurately described below reflecting the
       acquisition made on November 15, 2002 as set out in Note 8 below.
       The Company trades on OTCBB as MLTI.

       On November 15, 2002, the Company acquired all the assets of
       AlphaCom, Inc., setting a new strategic direction for the Company.
       The Company's principal business is now in the field of spectrum
       technologies for communications.

       The Company is focused on developing and promoting spectrum
       technologies for broad-based applications worldwide.  The spectrum
       technologies product(s) MLTI has developed provides far more
       efficient use of bandwidth.  Through the use of narrow band
       frequencies and patented algorithms, MLTI spectrum technologies
       will use existing infrastructure with efficiencies exponentially
       greater than conventional technologies.

       Referred to as "MLTI spectrum technology", it solves the power and
       noise problem through the use of filtration techniques and patented
       modulation algorithms.  The result is a signal that can be carried
       over greater distances and with less power.

       The Company's fiscal year end is December 31.

       Development Stage Enterprise

       The Company has no revenues and has just commenced operations. The
       Company's activities are accounted for as those of a "Development
       Stage Enterprise" as set forth in Financial Accounting Standards
       Board Statement No. 7 ("SFAS 7").  Among the disclosures required
       by SFAS 7 are that the Company's financial statements be identified
       as those of a development stage company, and that the statements of
       operations, stockholders' equity(deficit) and cash flows disclose
       activity since the date of the Company's inception.

2.     SIGNIFICANT ACCOUNTING POLICIES

       Basis of Accounting

       These financial statements are presented on the accrual method of
       accounting in accordance with generally accepted accounting
       principles accepted in the United States.  In the opinion of
       management, these interim financial statements include all
       adjustments necessary in order to make them not misleading..

       Use of Estimates

       The preparation of financial statements in conformity with
       generally accepted accounting principles requires management to
       make estimates and assumptions that affect the reported amounts of
       assets and liabilities and the disclosure of contingent assets and
       liabilities at the date of the financial statements and the
       reported amounts of revenue and expenses during the reporting
       period.  Actual results may differ from those estimates.

                                       Page Eleven
<PAGE>

                            MULTI-TECH INTERNATIONAL, CORP.
                             (A DEVELOPMENT STAGE COMPANY)
                         NOTES TO INTERIM FINANCIAL STATEMENTS
                                AS AT MARCH 31, 2003
                                      (UNAUDITED)

2.     SIGNIFICANT ACCOUNTING POLICIES  (CONTINUED)

       Cash and Cash Equivalents

       The Company considers all highly liquid debt instruments and
       investments, purchased with an original maturity date of three
       months or less, to be cash equivalents.

       Fixed Assets

       All fixed assets are recorded at their acquisition price. Since
       these assets were acquired on November 15, 2002, management has
       determined that as of the balance sheet date these assets have not
       been put to use and therefore the Company has not taken any
       depreciation on these assets as of March 31, 2002.

       Income Taxes

       The Company accounts for income taxes under SFAS No. 109, which
       requires the asset and liability approach to accounting for income
       taxes.  Under this method, deferred assets and liabilities are
       measured based on differences between financial reporting and tax
       bases of assets and liabilities measured using enacted tax rates
       and laws that are expected to be in effect when differences are
       expected to reverse.

       Net earnings (loss) per share

       Basic and diluted net loss per share information is presented under
       the requirements of SFAS No. 128, Earnings per Share.  Basic net
       loss per share is computed by dividing net loss by the weighted
       average number of shares of common stock outstanding for the
       period, less shares subject to repurchase.  Diluted net loss per
       share reflects the potential dilution of securities by adding other
       common stock equivalents, including stock options, shares subject
       to repurchase, warrants and convertible preferred stock, in the
       weighted-average number of common shares outstanding for a period,
       if dilutive.  All potentially dilutive securities have been
       excluded from this computation, as their effect is anti-dilutive.

       Fair Value of Financial Instruments

       The carrying amount of cash, marketable securities, prepaid
       expenses and sundry assets, accounts payable, loans payable, and
       notes payable are considered to be representative of their
       respective fair values because of the short-term nature of
       these financial instruments

       Recently Issued Accounting Standards

       In June 2001, the Financial Accounting Standards Board ("FASB")
       issued Statement of Financial Accounting Standards ("SFAS") No.
       141, "Business Combinations" and SFAS No. 142, "Goodwill and Other
       Intangible Assets" effective for fiscal years beginning after March
       15, 2001. SFAS No. 141 requires that the purchase method of
       accounting be used for all business combinations initiated after
       June 30, 2001 and also specifies the criteria for the recognition
       of intangible assets separately from goodwill. Under the new rules,
       goodwill will no longer be amortized but will be subject to an
       impairment test at least annually. Separately identified and
       recognized intangible assets resulting from business combinations
       completed before July 1, 2001 that do not meet the new criteria for
       separate recognition of intangible assets will be subsumed in

                                       Page Twelve

<PAGE>

                            MULTI-TECH INTERNATIONAL, CORP.
                             (A DEVELOPMENT STAGE COMPANY)
                         NOTES TO INTERIM FINANCIAL STATEMENTS
                                AS AT MARCH 31, 2003
                                      (UNAUDITED

2.     SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
       Recently Issued Accounting Standards (continued)

       goodwill upon adoption. Other intangible assets that meet the new
       criteria will continue to be amortized over their useful lives. The
       Company adopted the new rules on accounting for goodwill and other
       intangible assets on January 1, 2002. The adoption of SFAS Nos. 141
       and 142 had no impact on the Company's financial statements at
       transition.

       In October 2001, the FASB issued SFAS No. 144, "Accounting for the
       Impairment or Disposal of Long-Lived Assets." SFAS No. 144
       supersedes SFAS No.121, "Accounting for the Impairment of Long-
       Lived Assets and for Long-Lived Assets to Be Disposed Of." The
       primary objectives of SFAS No. 144 are to develop one accounting
       model based on the framework established in SFAS No. 121 for long-
       lived assets to be disposed of by sale, and to address significant
       implementation issues. The Company's adoption of SFAS No. 144 on
       January 1, 2002 had no material impact on our financial position
       and results of operations.

       In November 2002, the FASB issued Interpretation, or FIN, No. 45,
       "Guarantor's Accounting and Disclosure Requirements for Guarantees,
       including Indirect Guarantees of Indebtedness of Others." FIN 45
       elaborates on the existing disclosure requirements for most
       guarantees, including residual value guarantees issued in
       conjunction with operating lease agreements. It also clarifies that
       at the time a company issues a guarantee, the company must
       recognize an initial liability for the fair value of the obligation
       it assumes under the guarantee and must disclose that information
       in its interim and annual financial statements. The initial
       recognition and measurement provisions apply on a prospective basis
       to guarantees issued or modified after December 31, 2002  The
       disclosure requirements are effective for the financial statements
       of interim or annual periods ending after December 15, 2002. Our
       adoption of FIN 45 will not have a material impact on our results
       of operations and financial position.

       In December 2002, the FASB issued SFAS No. 148, "Accounting for
       Stock-Based Compensation -- Transition and Disclosure." This
       statement amends SFAS 123, "Accounting for Stock-Based
       Compensation," to provide alternative methods of transition for a
       voluntary change to the fair value based method of accounting
       for stock-based employee compensation. In addition, this statement
       amends the disclosure requirements of SFAS 123 to require prominent
       disclosures in both annual and interim financial statements about
       the method of accounting for stock-based accounting for employee
       compensation and the effect of the method used on reported results.
       The Company is currently evaluating whether to adopt the fair
       value based method.

       In January 2003, the FASB issued FIN No. 46, "Consolidation of
       Variable Interest Entities." FIN No. 46 requires that
       unconsolidated variable interest entities be consolidated by their
       primary beneficiaries. A primary beneficiary is the party that
       absorbs a majority of the entity's expected losses or residual
       benefits. FIN No. 46 applies immediately to variable interest
       entities created after January 31, 2003 and to existing variable
       interest entities in the periods beginning after June 15, 2003. Our
       adoption of FIN No. 46 will not have a material impact on our
       results of operations and financial position.

                                       Page Thirteen

<PAGE>

                            MULTI-TECH INTERNATIONAL, CORP.
                             (A DEVELOPMENT STAGE COMPANY)
                         NOTES TO INTERIM FINANCIAL STATEMENTS
                                AS AT MARCH 31, 2003
                                      (UNAUDITED

3.     MARKETABLE SECURITIES

       Management determines the appropriate classification of
       investments in debt and equity securities at the time of purchase
       and re-evaluates such designation as of each subsequent balance
       sheet date. Securities for which the Company has the ability and
       intent to hold to maturity are classified as "held to maturity".
       Securities classified as "trading securities" are recorded at fair
       value. Gains and losses on trading securities, realized and
       unrealized, are included in earnings and are calculated using the
       specific identification method. Any other securities are classified
       as "available for sale." At March 31, 2003 all securities were
       classified as trading securities.

       As part of the purchase price of the assets of Alphacom, Inc as
       more particularly described in Note , the Company received 277,698
       shares of American Millenium Corporation trading on OTCBB under the
       symbol of AMCI.  This Company has approximately 45 million shares
       outstanding to date.  The current market value of the stock is $
       0.13 per share or $ 36,100.

4.     CAPITAL STOCK TRANSACTIONS

       On September 22, 1998, the Company issued 3,000,000 shares of its
       $0.001 par value common stock for cash of $8,016.

       On February 28, 1999, the Company completed a public offering that
       was registered with the State of Nevada pursuant to N.R.S. 90.490
       and was exempt from federal registration pursuant to Regulation D,
       Rule 504 of the Securities Act of 1933 as amended.  The Company
       sold 767,000 shares of Common Stock at a price of $0.05 per share
       for a total amount raised of $38,360.

       On March 10, 2000, the Company issued 3,000,000 shares of its
       $0.001 par value common stock for cash of $30,000.

       On March 28, 2000, the Company filed Form S-8 with the U.S.
       Securities and Exchange Commission and issued an additional
       1,675,000 shares of its $0.001 par value common stock for services
       to the Company for a total consideration of $ 2,931,250.

       On April 24, 2000, by Board Resolution the company issued 1,000,000
       restricted 144 shares to BuckBuilders.com, Inc., for advertising
       the Company's website and auction partners plan for a total
       consideration of $ 1,200,000.

       On June 5, 2000, by Board Resolution the Company issued 200,000
       restricted 144 shares to OTC Live, Inc for services for a total
       consideration of $ 120,000.

       On June 15, 2000, by Board Resolution the Company issued 944,220
       restricted 144 shares to Myfreestore.com for services rendered for
       a total consideration of $ 377,688.

       On July 14, 2000, the Company filed Form S-8 with the U.S.
       Securities and Exchange Commission and issued an additional 575,000
       shares of its $0.001 par value common stock for services to the
       Company for a total consideration of $ 155,250.

       On July 21, 2000, by Board Resolution the company issued 500,000
       restricted 144 shares to Rodney Schoemann, Sr. for services
       rendered for a total consideration of $ 135,000.

                                       Page Fourteen

<PAGE>

                            MULTI-TECH INTERNATIONAL, CORP.
                             (A DEVELOPMENT STAGE COMPANY)
                         NOTES TO INTERIM FINANCIAL STATEMENTS
                                AS AT MARCH 31, 2003
                                      (UNAUDITED)

4.     CAPITAL STOCK TRANSACTIONS (CONTINUED)

       On July 21, 2000, by Board Resolution the company issued 2,000,000
       restricted shares to BuckBuilders.com, Inc. for services rendered
       for a total consideration of $ 540,000.

       On August 17, 2000 the Company filed Form S-8 with the U.S.
       Securities and Exchange Commission and issued an additional 660,000
       shares of its $0.001 par value common stock for services to the
       Company for a total consideration of $ 184,800.

       On September 13, 2000, by Board Resolution, the Company issued
       760,000 restricted 144 shares to Washington Hamilton Group, for
       services to the Company for a total consideration $ 212,800.

       On November 9, 2000, by Board Resolution, the Company issued
       5,000,000 shares of restricted 144 shares to Bry Behrmann and Larry
       E Hunter for services rendered for a total consideration of
       $1,400,000.

       On December 22, 2000, the Company issued 5,720,500 shares of
       restricted 144 shares to Stephen Bishop for services rendered for a
       total consideration of $ 1,601,740.

       On March 2, 2001, the Company filed Form S-8 with the U.S.
       Securities and Exchange Commission and issued an additional
       10,890,000 shares of its $0.001 par value common stock for services
       to the Company.

       On April 11, 2001, the Company filed Form S-8 with the U.S.
       Securities and Exchange Commission and issued an additional
       22,625,000 shares of its $0.001 par value common stock for services
       to the Company.

       On April 11, 2001 the Company issued 12,500,000 shares of its
       $0.001 par value common stock for $70,000 cash, to a qualified
       investor.

       On May 15, 2001 the Company issued 12,500,000 shares of its $0.001
       par value common stock for $70,000 cash, to a qualified investor.

       On June 1, 2001, the Company filed Form S-8 with the U.S.
       Securities and Exchange Commission and issued an additional
       3,500,000 shares of its $0.001 par value common stock for services
       to the Company for a total consideration of $ 175,000.

       During various times of the year 2001, the Company issued a total
       of 6,601,633 shares of its $0.001 par value common stock for
       services to the Company.

       On November 20, 2002 the Company filed Form 8-K with the U.S.
       Securities and Exchange Commission indicating that at a Board Of
       Directors' meeting held on October 25, 2002 the Board announced a
       14.525 to 1 reverse stock split, after which there were six million
       five hundred thousand and three hundred and eighty-two (6,500,382)
       common shares outstanding.

       On November 20, 2002 the Company filed Form 8-K with the U.S.
       Securities and Exchange Commission indicating that the Company had
       acquired all of the assets of AlphaCom, Inc. in exchange for
       30,320,552 of its $0.001 par value of common stock and a note for
       $4,319,000.

                                       Page Fifteen


<PAGE>

                            MULTI-TECH INTERNATIONAL, CORP.
                             (A DEVELOPMENT STAGE COMPANY)
                         NOTES TO INTERIM FINANCIAL STATEMENTS
                                AS AT MARCH 31, 2003
                                      (UNAUDITED)

4.     CAPITAL STOCK TRANSACTIONS (CONTINUED)

       On December 9, 2002 the Company issued 3,087,000 of its $0.001 par
       value common stock in exchange for services to the Company for a
       total consideration of  $6,174.

       On December 12, 2002 the Company filed Form S-8 with the U.S.
       Securities and Exchange Commission and issued one million
       (1,000,000) of its $0.001 par value common stock in exchange for
       services to the Company.

       On January 15, 2003, certain consulting agreements were cancelled
       which resulted in the cancellation of 650,000 shares of common
       stock.

5.     GOING CONCERN

       The accompanying financial statements have been prepared in
       conformity with generally accepted accounting principles, which
       contemplates continuation of the Company as a going concern.

       The future success of the Company is likely dependent on its
       ability to attain additional capital to develop its proposed
       technologies and ultimately, upon its ability to attain future
       profitable operations.  There can be no assurance that the
       Company will be successful in obtaining financing, or that it will
       attain positive cash flow from operations.

6.     INCOME TAXES

     There has been no provision for U.S. federal, state, or foreign
     income taxes for any period because the Company has incurred losses
     in all periods and for all jurisdictions.

     Deferred income taxes reflect the net tax effects of temporary
     differences between the carrying amounts of assets and liabilities
     for financial reporting purposes and the amounts used for income tax
     purposes. Significant components of deferred tax assets are as
     follows:

     Deferred tax assets
        Net operating loss carry forwards               $10,796,004
        Valuation allowance for deferred tax assets     (10,796,004)
                                                        ------------
        Net deferred tax assets                                  $-
                                                        ------------
                                                        ------------

       Realization of deferred tax assets is dependent upon future
       earnings, if any, the timing and amount of which are uncertain.
       Accordingly, the net deferred tax assets have been fully offset by
       a valuation allowance. As of March 31, 2003, the Company had net
       operating loss carry forwards of approximately $10,796,004 for
       federal and state income tax purposes.  These carry forwards, if
       not utilized to offset taxable income begin to expire in 2013.
       Utilization of the net operating loss may be subject to substantial
       annual limitation due to the ownership change limitations provided
       by the Internal Revenue Code and similar state provisions.  The
       annual limitation could result in the expiration of the net
       operating loss before utilization.

                                       Page Sixteen

<PAGE>

                            MULTI-TECH INTERNATIONAL, CORP.
                             (A DEVELOPMENT STAGE COMPANY)
                         NOTES TO INTERIM FINANCIAL STATEMENTS
                                AS AT MARCH 31, 2003
                                      (UNAUDITED)

7.     COMMITMENTS

       Contracts

       On the purchase of assets from Alphacom, Inc. as set out in Note 8
       the Company has the following licenses and/or joint venture
       agreements in place.

       UNT, INC.

       The Company has entered into a licensing agreement with UNT, Inc.,
       a Pennsylvania company on July 29, 2002 which supercedes the
       original agreement entered into by Alphacom, Inc. in March 1999.
       The new agreement covers the territories of Israel and the Ukraine
       and calls for UNT, Inc. to remit to Alphacom 50% of any sublicense
       fees and to receive an ongoing royalty of $ 2.00 per Subscriber per
       month whether such Subscriber is being billed for services or not.
       This agreement expires in July 2012.

       E:GO SYSTEMS.COM PLC

       On March 6, 2000, Alphacom, Inc. entered into an exclusive license
       arrangement with E:Go Systems.com PLC which covers most of the
       European Union Countries.  The initial license fee was $ 500,000
       cash and $ 500,000 of equivalent value in the shares of E:Go.  The
       Company is to receive an ongoing royalty of $2.00 per Subscriber
       per month whether such Subscriber is being billed for services or
       not.  Additional license fees will be payable totaling 50% of such
       license fees payable by sublicensees introduced by E:Go, or 70% if
       such sublicensees are introduced by the Company.

       ITM

       There is also an existing Joint Venture Master License agreement
       with ITM, Ltd. ("ITM") that covers the countries of Asia, Eastern
       Europe and South America. ITM and Alphacom have established a joint
       venture under the name of Alphacom International, Ltd. of which
       Alphacom owns 5%.  The Joint Venture has agreed to pay to Alphacom
       50% of any sublicensing fees earned up until such payments equal
       $37,500,000 and in addition Alphacom shall receive an ongoing
       royalty of $2.00 per Subscriber per month whether such Subscriber
       is being billed for services or not.  Jack Craciun, President of
       the Company is the principal of ITM.

8.     ACQUISITION OF ASSETS OF ALPHACOM, INC.

       On November 14, 2002, the Company acquired the assets in a non-cash
       transaction of AlphaCom, Inc. a Nevada Corporation. The assets
       generally consist of physical and intellectual property. The value
       of the assets is approximately 4.4 million dollars, based on the
       results of an examination of the seller's audited and unaudited
       financial statements. The Company believes that this valuation is
       the current fair market value of the assets. The Company acquired
       the assets in exchange for 30,320,552 shares of its common stock
       and a promissory note in the amount of $4,319,000. For the purposes
       of this transaction the stock of the Company was valued at
       $0.002/share, the company's average market share price for the week
       immediately preceding the closing of the transaction.  The purchase
       price may be adjusted downward in connection with the issuance
       common stock to Alphacom if the Company does not secure equity
       funding and/or licensed revenue in the amount of $10,000,000 during
       the next twelve months. The adjustment would be a based on a
       percentage of the amount actually raised to the total agreed upon
       of $10,000,000. There is no material relationship between AlphaCom,
       Inc., and the registrant or any of its affiliates, any director or
       officer of the registrant, or any associate of any such director or
       officer. The shares used to accomplish the acquisition were derived
       from the Company treasury and are deemed to be restricted, illiquid
       shares pursuant to Rule 144 of Regulation D of the Securities Act.

                                       Page Seventeen

<PAGE>

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

Caution

     Certain statements in this Quarterly Report on Form 10-QSB,our audited
financial statements for the fiscal year ended December 31, 2001as filed in
our amended annual report on Form 10-KSB/A, as well as statements made by us
in periodic press releases, oral statements made by our officials to analysts
and shareholders in the course of presentations about ourselves, constitute
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995.  Such forward-looking statements involve known
and unknown risks, uncertainties, and other factors that may cause the actual
results, performance or achievements of us to be materially different from
any future results, performance or achievements expressed or implied by the
forward looking statements.  Such factors include, among other things,
(1) general economic and equity markets; (4) competition; (5) the
availability and cost of our products; (6) demographic changes;
(7) government regulations particularly those related to automatic vehicle
location industry; (8) required accounting changes;  (9) equipment failures,
power outages, or other events that may interrupt Internet communications;
(10) disputes or claims regarding our proprietary rights to our software and
intellectual property; and (11) other factors over which we have little or no
control.

Background and Organization

     Multi-Tech International, Corp., a developmental stage company,
Hereinafter referred to as "the Company", "we" or "us", was originally
organized by the filing of Articles of Incorporation with the Secretary of
State of the State of Nevada on September 21, 1998 under the name Oleramma,
Inc. The Articles of Incorporation authorized the issuance of one hundred
fifty million (150,000,000) shares, consisting of one hundred million
(100,000,000) shares of Common Stock at par value of $0.001 per share and
five million (5,000,000) shares of Preferred Stock at par value of $0.001.
As of May 19, 2003, we had 40,257,934 shares of Common Stock outstanding,
no Preferred Stock issued or outstanding, options to purchase 50,000 shares
of Common Stock at $1.00 per share and options to purchase 50,000 shares of
Common Stock at $1.50 per share.

     We were a company that hoped to develop a genetically engineered Pima
Cotton seed, with a virus fatal to the bollworm.  It was our hope to enter
the marketplace as the first genetically engineered Pima cotton, which is
genetically superior in combating infestations.  Unfortunately we were not
able to achieve our original goals and on December 31, 2000 we changed our
name to BUCKTV.COM, Inc. pursued and began a new direction. At this time our
principal business strategy was to market consumer products through an
Interactive Website, and to promote this Website through commercial radio
promotions, and Internet search engines, utilizing the talent and skills of
a famous radio/television personality. However, this was unsuccessful and
we began a search for new opportunities.

     On November 15, 2002, pursuant to an Asset Purchase Agreement (the
"Agreement") we acquired all the assets of AlphaCom, Inc. ("Alphacom"),
setting a new strategic direction for the Company, and changed the name of
the Company to Multi-Tech International, Inc. ("Multi-Tech" OTCBB:MLTI) and
new management joined the Company.  In connection with this acquisition
our principal business is now in the field of spectrum technologies for broad
based applications worldwide.

Asset Purchase Agreement

     Pursuant to the Agreement we issued a total of 30,320,552  shares of
our Common Stock (the "Shares") and a promissory note in the amount of
$4,319,000 payable to Alphacom representing 74.1 percent of our outstanding
shares of Common Stock in exchange for all of the assets of Alphacom
including all business and technologic developments and licensing and
marketing rights to such assets.  The Shares are being held in escrow for 12
months pursuant to the terms of the Agreement, and are subject to downward

                                 Page Eighteen
<PAGE>

adjustment based upon financial contingencies set forth in the Agreement.
The acquisition has been accounted for under purchase method accounting.
As a condition to the closing we effected a 1-for-14.525 reverse split of
our Common Stock in November 2002.

     The material provisions of the Agreement include:

     Appointment of the following individuals to positions within the Company:
     John J. Craciun III (President and Chairman of the Board),  Dr. David
     Hostelley (Secretary, Treasurer and member of Board of Directors), Steven
     Coutoumanos (Chief Executive Officer and member of Board of Directors),
     David Boon (Chief Operating Officer, Mr. Boon subsequently declined to
     accept such appointment), Mark P. Wing (member of Board of Directors),
     and Lawrence Hartman (who declined the Board of Directors position, but
     continues on as corporate counsel).

     We may allocate 75% of the monies received by us from financing
     activities or via licensing arrangements to pay the promissory note due
     AlphaCom.

     Until we have received aggregate gross cash proceeds of not less than
     $10,000,000 from (i) a direct equity investment or series of investments
     from an outside third party or third parties, and/or (ii) license fees
     and/or royalty payments received from the license of the Intellectual
     Property to third party licensees we cannot have more than 50,000,000
     shares issued and outstanding.

     Alphacom maintains anti-dilution rights for the number of shares issued
     to it based upon certain contingencies.

     For a period of 12 months following the closing of the transaction,
     without the prior written consent of a majority of the shareholders of
     Alphacom, on a fully-diluted basis, we are not permitted to do any of
     the following (subject to the termination provisions of the Agreement):

          (i)     amend any provisions of our Articles of Incorporation or
                  its By Laws;
          (ii)    increase our authorized capital stock;
          (iii)   create or issue any capital stock except for the issuance
                  of up to 13,179,045 shares of Common Stock;
          (iv)    declare any dividend or distribution on any of its capital
                  stock;
          (v)     dispose of any Intellectual Property;
          (vi)    redeem, purchase or otherwise acquire any of our equity
                  securities;
          (vii)   voluntarily file for bankruptcy;
          (viii)   incur or assume any debt except the Note, provided that
                  the Note shall not be secured by any asset; or
          (ix)    transfer any asset, tangible or intangible, to any
                  subsidiary or make any investment (other than in cash
                  equivalents).

     Pursuant to the Agreement we purchased all of the assets of Alphacom. The
assets purchased under the Agreement include: certain accounts receivable,
Alphacom's URL www.networkalpha.com; and certain patents (described below).

     The transfer of the patents has not yet been properly perfected.
Currently,We along with Alphacom are investigating this matter to ensure that
All assignments are properly recorded.  Alphacom has represented to us that it
had valid, binding and legal right to all of the rights, title and interest
in the patents.

     The patents encompass the following:  wireless digital transmission and
receiving method combining phase reversal keying with pulse position
modulation; improved binary data communication system employing improved
VPSK encoding procedure (as more fully discussed below); method for the
transmission of "biphase" digital data; communication system transmitting
binary data: and high speed data transfer in small amounts of bandwidth.

                                   Page Nineteen
<PAGE>

The VPSK encoding procedure is a modulation algorithm. When applied to
existing data transmission environments, VPSK is able to produce previously
unrealized bandwidth efficiencies.  For example, Time Division Multiple
Access (TDMA), one of the leading standards of digital cellular
communications, allows for up to 128 simultaneous conversations per system.
By utilizing VPSK modulation, a TDMA-VPSK system using the same bandwidth
as TDMA will allow for over 4,500 simultaneous conversations, an increase
in excess of 35 times. This means that by incorporating this technology, the
existing infrastructure deployed by cellular carriers today will be able to
support far more revenue-producing subscribers.

     Cellular technology is only one of many applications over which VPSK
can be deployed. VPSK can be deployed on most communications platforms
including both wireless and wireline. Not only will the use of VPSK produce
a substantial increase in the revenues of existing markets, the increased
data potential creates numerous new markets.

     The assets also include: a five percent interest in AlphaCom
International Ltd. (ACIL) a company registered in Hong Kong (the remaining
ninety five percent is owned by ITM Ltd. (of which our President John J.
Craciun is a majority owner)). ACIL, exclusively owns the AlphaCom, master
technology license, including Manufacturing and Product Distribution Licenses
and all rights to sub-license the same for the following territories: Asia,
Eastern Europe - Romania & Bulgaria and South America - Venezuela and
adjacent islands; International License for Israel; International License
Contract for the European Union Countries; and International License Contract
for Asia.

Plan of Operations

     We are focused on developing and promoting spectrum technologies for
broad-based applications worldwide based upon the assets acquired from
Alphacom.  The spectrum technologies product(s) Alphacom has developed
provides far more efficient use of bandwidth.  Through the use of narrow band
frequencies and patented algorithms, these spectrum technologies will use
existing infrastructure with efficiencies greater than conventional
technologies.

     Management believes it solves the power and noise problem through the use
of filtration techniques and patented modulation algorithms.  The result is a
signal that can be carried over greater distances and with less power.

Concept and Products

     We plan to introduce a technology that makes more efficient use of
bandwidth.  Through the use of narrow band frequencies and patented
algorithms, MLTI spectrum technology will travel over existing infrastructure
with efficiencies exponentially greater than conventional technologies.  It
is anticipated that this will be done by a comparably small retrofit to
existing wireless and wire-line networks.

     The key to this technology is a modulation and filtration technique that
enables more data to be carried, over greater distances, and with less power.
With a relatively small capital investment, service providers will be able to
increase their revenue potential through greater market penetration.

     We believe this technology can be carried over virtually any medium,
including:  Cable TV, Cable Modem, AM/FM Radio, Analog Cellular, Digital
Mobile, DSL, IP Wire-line Applications, WiFi (802.11b), or Microwave,
Satellite.

Dependence on Outside Suppliers

     We anticipate that we will have a relatively low dependence on outside
suppliers or vendors.  The primary reason is that the MLTI spectrum technology
represents intellectual property, which will be marketed in the form of a
license or royalty contract.  As such, we anticipate that no proprietary
hardware will be required in order to generate a revenue stream.

                                   Page Twenty
<PAGE>

Marketing and Advertising

     We anticipate building a grass roots awareness campaign across the
following channels:

     Trade Advertising - three key vertical markets (content provider, service
     provider, and end-user):
          Awareness campaigns.
          Operations campaigns.

     Public Relations:
          Press Releases (announcing technology impact, customer success,
          product releases and company news).
          Case Studies (associated with customer success).
          Technology White Papers (Engineering inter industry publications,
          educational institutions, think tanks and symposium presentations).
          Analyst & Editor Interviews.

     Direct Mail/Email:
          Awareness Direct Mail to support Advertising.
          Tradeshow Support (Pre & Post show direct mail).
          Teaser Mailers to promote interest.
          Web Seminar notification & follow-up.

     Tradeshows:
          Three key vertical markets (content provider, service provider, and
          end-user).

     Collateral:
          Overview Brochure.
          Product Profile - Content Provider.
          Product Profile - Service  Provider.
          Product Profile - End User.

     Seminars - two online Web Seminar series
          1.  Introduction to Ultra Narrowband Modulation.
          2.  Ultra Narrowband Modulation Solutions/Demo.


Technology Overview

     Before voice, data, or video can be transmitted or received, it must be
encoded onto a carrier signal that will propagate by means of an electronic
wave.  This process, called modulation is the science of placing intelligence
on a carrier.  Using this principle, a data stream is converted to a waveform
and a carrier transports the data over a radio frequency, sound wave, or beam
of light.

     Carrier signals can be fully described by three parameters that can be
mixed and matched:

     1.  Amplitude Modulation - ex. AM stations on a car radio
     2.  Frequency Modulation - ex. FM stations on a car radio
     3.  Phase Modulation - ex. Satellite communications

     Each of the three modulation techniques listed above possess tradeoffs in
terms of power, performance, bandwidth efficiency, etc.  Phase Modulation
generally uses bandwidth more efficiently than other types of modulation.
However, the improvement in bandwidth efficiency comes at the cost of
decreased power efficiency.  The smaller separation between bits of data
means it takes less noise to corrupt the signal and cause the receiver to
make an error.  To combat this, more power must be transmitted.

                                   Page Twenty One

<PAGE>

Technology Development

     Technology development strategies are targeted to address the needs of
telecom and electronic communications bandwidth.  Using experience gained from
lab trials, the technology can be deployed on existing infrastructure with
the following planned results (pending further research and development for
each application):

     Wireline Applications:

          DSL Service
               Expand the distance from the CO from 3 miles to 10 miles.
               Provide reliable data transmission even with corroded cable.
               Increase data rates over standard phone line from 1.5 to 3.0
               MBPS.

          Cable and Cable Modem
               Effectively doubles the number of channels over standard coax.
               Increases the cable data throughput by approximately 10X.
               Potentially solves the problem of transmitting HDTV signal
               over coax.

          Access, Edge, and Core Applications
               Transform T1 lines into the performance equivalent of two T3
               lines.
               Increase data throughput of copper ATM, Frame Relay, SS7, etc.
               Improve global telecom network performance and efficiency.

     Wireless Applications:

          GSM / TDMA / CDMA / 3G Wireless
               Increase the number of GSM voice users from approximately 240
               to over 12,000.
               Increase the number of C/TDMA users from approximately 200 to
               over 1,200.
               Provide 3G networks multiplexed voice/data/video sessions.
               Lower monthly operating costs for providers.
               Increase data rates from 14,400 BPS to 1,600,000 BPS.
               Double transmit/receive range while reducing voltages by 75%.

         Analog Wireless
               Increase the number of voice users from approximately 16 to
               more than 750.
               Increase data rates from 14,400 BPS to 1,600,000 BPS.
               Lower monthly operating costs for providers.
               Double transmit/receive range while reducing voltages by 75%.

          Microwave
               Enhance a single microwave channel to provide more than 150 T1
               lines.
               Create a path for dramatically less expensive PSTN or Internet
               back-haul.
               Reduce the cost of cellular voice and data traffic.

Target Market

     We will initially focus on commercializing our territories through the
joint venture and licensing agreements which were obtained pursuant to the
Agreement with Alphacom, while developing support technology to simplify the
implementation of our systems in a variety of applications. Commercialization
will be managed through licenses and strategic partnerships within each of the
targeted markets.
                                  Page Twenty Two

<PAGE>

     The target audience will initially consist of two key groups:
service/content providers and end users.  The messaging for each will be
significantly different:

     Service/Content Providers:
     Service and content providers are seeking more sophisticated delivery
     capabilities in the commercial market.  Providers desperately need
     communication networks that will integrate voice, data, and video
     services over virtually any wire-line or wireless infrastructure at an
     affordable price.

     End Users:
     Users that have already gravitated to existing broadband technology
     Have learned to live with some of the downsides. The downsides have
     included: difficulties in setting up initial connectivity, high monthly
     costs, limitations due to local infrastructure (DSL), and limited
     responsiveness during peak usage (Cable).  In addition, content delivery
     is severely limited to cellular users.

Competition

     Competition in the bandwidth communications and/or telecommunications
market segment is extensive.  We must take careful measures to ensure that
the intellectual property represented by our spectrum technology is protected.
In addition, competing bandwidth technologies may circumvent any sustainable
competitive advantage and prevent long-term broad acceptance for the spectrum
technology.

     The markets for consumer and business Internet services and online
content are extremely competitive and highly fragmented. There are no
significant barriers to market entry. We expect that competition will
intensify in the future. Our direct competition in these markets are ISPs,
national long distance carriers, wireless service providers, OSP's,
cable-based data services and Internet content aggregators. Many of these
competitors are offering (or may soon offer) technologies that
will attempt to compete with some or all of our products and services. Such
technologies include ISDN and XDSL. The basis of competition in these markets
include transmission speed, reliability of service, ease of access,
price/performance, ease-of-use, content quality, quality of presentation,
timeliness of content, customer support, operating experience and revenue
sharing.

     Many of our competitors and potential competitors have substantially
larger subscriber bases, longer operating histories, greater name recognition,
and more established relationships with application providers than us. Such
competitors may be able to undertake more extensive marketing campaigns, adopt
more aggressive pricing policies and devote substantially more resources to
developing Internet services than us. There are no assurances that we will be
able to compete successfully against current or future competitors.
Competitive pressures may materially adversely affect our business, operating
results, or financial condition. Further, as a strategic response to changes
in the competitive environment, we may make certain pricing, service or
marketing decisions or enter into acquisitions or new ventures that could
have a materially adverse effect on our business, operating results or
financial condition.

Government Regulation

     The adoption of new laws or the application of existing laws may decrease
the growth of spectrum technologies, which could in turn decrease the demand
for our services, increase our cost of doing business or otherwise have a
material adverse effect on our business, results of operations and financial
condition.

     There can be no assurance, however, that Federal, State or local
government will not attempt to impose regulations upon us in the future or
that such imposition will not have a material adverse effect on our business,
results of operations and financial condition.

                                  Page Twenty Three

<PAGE>

Federal

     We will provide Internet services, in part, through data transmissions
over public telephone lines. These transmissions are governed by regulatory
policies establishing charges and terms for wire line communications. We
currently are not subject to direct regulation by the FCC or other regulatory
agencies as a provider of basic telecommunication services.

     The FCC regulates the licensing, construction, operation and acquisition
of wireless telecommunications systems in the U.S. pursuant to the 1934 Act,
as amended, and the rules, regulations, and policies promulgated by the FCC
thereunder. Included in the regulations is the use of the electromagnetic
spectrum in the United States, including the frequency band currently used by
our radio products. Part 15 of the FCC regulation defines frequency bands in
which unlicensed operation of the radio equipment that meets certain
technical and operational requirements is permitted. We will utilize CDPD for
the majority of our wireless transmissions, which is currently under FCC
regulations.

     In the international markets there are various categories of government
regulations. In those countries that have accepted certain worldwide
standards, such as the FCC rulings or those from the European
Telecommunications Standards Institute, we are not expecting to experience
significant regulatory issues in bringing our products to market. Approval
in these markets involves retaining local testing agencies to verify specific
product compliance. However, many developing countries, including India and
China, have not fully developed or have no frequency allocation, equipment
certification, or telecommunications regulatory standards. In these types of
markets, we will actively work directly with industry standard bodies to
conform to worldwide standards regulations.

State and Local Regulation

     The scope of the regulatory authority covers such matters as the terms
and conditions of interconnection between Local Exchange Carriers ("LECs")
and wireless carriers with respect to intrastate services, customer billing
information and practices, billing disputes, other consumer protection
matters, facilities construction issues, transfers of control, the bundling
of services and equipment and requirements relating to the availability of
capacity on a wholesale basis. In these areas particularly, the terms and
conditions of interconnection between LECs and wireless providers, the FCC
and state regulatory authorities share regulatory responsibilities with
respect to interstate and intrastate issues, respectively.

     We may become an active participant in proceedings before the FCC and
before state regulatory authorities. Proceedings with respect to the foregoing
policy issues before the FCC and state regulatory authorities could have
significant impacts on the competitive market structure among wireless
providers and other carriers. We are unable at this point to predict the
scope, pace, or financial impact of policy changes which could be adopted
in these proceedings. To keep us apprised of developments in this area, we
will retain special FCC counsel in the event we deem it necessary.


Industry Conditions and Cyclical Nature

     The communications and/or telecommunications industry is an inherently
volatile market segment.  Technologies that dominate a market over a
particular period can be made obsolete by newer technologies from competing
companies in a relatively short timeframe.  We are attempting to mitigate this
risk by providing open standards and licensing/royalty arrangements, which can
create a new industry standard for bandwidth spectrum.

Lack of Liability Coverage

     We do not maintain any liability coverage.  In the event of any claim
against us or any of our assets we may not have the resources to defend the
Company which could have a material adverse effect on the future prospects.

                                  Page Twenty Four

<PAGE>

Pursuit of Strategic Acquisitions and Alliances

     We believe there are numerous opportunities to acquire other businesses
with established bases, compatible operations, experience with additional
synergistic aspects, and experienced management.  We believe, that these
acquisitions, if successful, will result in mutually beneficial opportunities,
and could lead to an increase in our revenue and income growth.  We intend to
seek opportunities to acquire businesses, services and/or technologies that
we believe will complement our business operations.  We plan to seek
opportunistic acquisitions that may provide complementary services, expertise
or access to certain markets.  No specific acquisition candidates have been
identified, and no assurance can be given that any transactions will be
effected, or if effected, will be successful.

     In addition, we may execute strategic alliances with partners who have
established operations.  As part of these joint venture agreements, we may
make investments in or purchase a part ownership in these joint ventures.
We believe that joint venture relationships, if successful, will result in
synergistic opportunities, allowing us to gain additional insight, expertise
and penetration in markets where joint venture partners already operate, and
may increase our revenue and income growth.  No specific joint venture
agreements have been signed, and no assurance can be given that any
agreements will be effected, or if effected, will be successful.


     At present, the Company is utilizing the resources of its major
shareholders and directors to fund operations.  Nominal funds have been
received from miscellaneous revenue during the three months ended March 31,
2003 of $4,477.  We are unable to forecast revenues until we prove the
commercial viability of the technology, which we anticipate will occur during
the fourth quarter of 2003.

The Company has not achieved revenues or profitability to date, and the
Company anticipates that it will continue to incur net losses for the
foreseeable future.  The extent of these losses will depend, in part, on the
amount of growth in the Company's revenues from licensing of its technology.
As of March 31, 2003,the Company had an accumulated deficit of Ten Million Eight
Hundred and Five Thousand One Hundred and Eighty-Six $10,805,186) dollars.
The Company expects that its operating expenses will increase significantly
during the next several months, especially in the areas of engineering
development and sales and marketing.  Thus, the Company will need to generate
increased revenues to achieve profitability.  To the extent that increases in
its operating expenses precede or are not subsequently followed by
commensurate increases in revenues, or that the Company is unable to adjust
operating expense levels accordingly, the Company's business, results of
operations and financial condition would be materially and adversely affected.
There can be no assurances that the Company can achieve or sustain
profitability or that the Company's operating losses will not increase in
the future.


LIQUIDITY AND CAPITAL RESOURCES

The Company's capital requirements have historically consisted of funding
operations and capital expenditures through the sale of common stock and the
exchange of common stock for services.  The Company has no significant revenue
from operations.

Net cash used in operating activities for the three months ended March 31,
2003 was $2,841 compared with cash provided from operating activities for the
year ended December 31, 2002 of $234,623 which included a gain on settlement
of debt of $ 300,000.

The Company's working capital deficiency is currently $4,211,054 compared with
$4,240,328 at the year end.  The greatest portion of the deficiency relates to
a note payable in connection with the asset purchase, which may be reduced if
certain conditions relating to the asset purchase as described above.

                                   Page Twenty Five

<PAGE>

The ability of the Company to meet its business objectives as described above
depend upon the Company raising the required capital.  The Company is
exploring a number of funding opportunities at the moment.  Discussions have
been on a verbal basis only to date.

Except for the note payable in connection with the asset purchase, the
Company has no material commitments for capital expenditures nor does it
foresee the need for such expenditures over the next year.


ITEM 3.  CONTROLS AND PROCEDURES

Within 90 days prior to the date of this report under the supervision and
participation of certain members of the Company's management, including the
President and the Principal Financial Officer, the Company completed an
evaluation of the effectiveness of the design and operation of its disclosure
controls and procedures (as defined in Rules 13a - 14 and 15d - 14c to the
Securities Exchange Act of 1934, as amended).  Based on this evaluation, the
Company's President and Principal Financial Officer believe that the
disclosure controls and procedures are effective with respect to timely
communicating to them and other members of management responsible for
preparing periodic reports all material information required to be disclosed
in this report as it relates to the Company.


                       PART II OTHER INFORMATION

ITEM 1.  Legal Proceedings

Not Applicable.

ITEM 2.  Changes in Securities and Use of Proceeds

Not Applicable.

ITEM 3.  Defaults upon Senior Securities

Not Applicable.

ITEM 4.  Submission of Matters to a Vote of Security Holders

Not Applicable.

ITEM 5.  Other Information

Not Applicable.

ITEM 6.  Exhibits and Reports on Form 8-K

    (a)      99.1   Certification by Jack Craciun, III, President,
                    Chairman of the Board, pursuant to Section 18 U. S. C.
                    Section 1350, 906 of the Sarbanes-Oxley Act of 2002.

             99.2   Certification by Dr. David F. Hostelley, Principal
                    Financial Officer, pursuant to 18 U.S.C. Section 1350,
                    pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.


    (b)     Reports on Form 8-K.

            Form 8-K filed January 8, 2003 reporting Items 2 and 6.


              SIGNATURES

         In accordance with Section 13 or 15(d) of the Exchange Act,
the registrant caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

Date:  May 19, 2003                 Multi-Tech International, Corp.

                                     By:  /s/ John J. Craciun, III
                                          -----------------------
                                          John J. Craciun, III
                                          President, Chairman of the
                                          Board


Date:  May 19, 2003                  By:  /s/ Dr. David F. Hostelley
                                          -----------------------
                                          Dr. David F. Hostelley
                                          Principal Financial Officer

                                  Twenty Six

May 15, 2003
                            CERTIFICATION PURSUANT TO
                  SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
                            (18 U.S.C. SECTION 1350)

I, John J. Craciun III, certify that;


1.      I have reviewed this quarterly report on Form 10-QSB of Multi-
        Tech International Corp.

2.       Based on my knowledge, this quarterly report does not contain
         any untrue statement of a material fact or omit to state a
         material fact necessary to make the statements made, in light
         of the circumstances under which such statements were made, not
         misleading with respect to the period covered by this quarterly
         report;

3.       Based on my knowledge, the financial statements, and other
         financial information included in this quarterly report, fairly
         present in all material respects the financial condition,
         results of operations and cash flows of the registrant as of,
         and for, the periods presented in this quarterly report;

4.       The registrant's other certifying officers and I are
         responsible for establishing and maintaining disclosure
         controls and procedures (as defined in Exchange Act Rules 13a-
         14 and 15d-14) for the registrant and have:

         a)     designed such disclosure controls and procedure to
                ensure that material information relating to the
                registrant, including its consolidated subsidiaries,
                is made known to us by others within those entities,
                particularly during the period in which this
                quarterly report is being prepared;

         b)     evaluated the effectiveness of the registrant's
                disclosure controls and procedures as of a date
                within 90 days prior to the filing date of this
                quarterly report (the "Evaluation Date"); and

         c)     presented in this quarterly report our conclusions
                about the effectiveness of the disclosure controls
                and procedures based on our evaluation as of the
                Evaluation Date;

5.       The registrant's other certifying officers and I have
         disclosed, based on our most recent evaluation, to the
         registrant's auditors and the  audit committee of registrant's
         board of directors (or persons performing the equivalent
         functions):

         a)     all significant deficiencies in the design or
                operation of internal controls which could adversely
                affect the registrant's ability to record, process,
                summarize and report financial data and have
                identified for the registrant's auditors any material
                weaknesses in internal controls; and

         b)     any fraud, whether or not material, that involves
                management or other employees who have a significant
                role in the registrant's internal controls; and

6.       The registrant's other certifying officers and I have indicated
         in this quarterly report whether there were significant changes
         in internal controls or in other factors that could
         significantly affect internal controls subsequent to the date
         of our most recent evaluation, including any corrective actions
         with regard to significant deficiencies and material
         weaknesses.



                                       /s/ John J. Craciun III
                           ---------------------------------------------
                                        John J. Craciun III
                           Chairman of the Board and President




May 15, 2003
                            CERTIFICATION PURSUANT TO
                  SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
                            (18 U.S.C. SECTION 1350)

I, Dr. David F. Hostelley, certify that;


1.       I have reviewed this quarterly report on Form 10-QSB of Multi-
         Tech International Corp.

2.       Based on my knowledge, this quarterly report does not contain
         any untrue statement of a material fact or omit to state a
         material fact necessary to make the statements made, in light
         of the circumstances under which such statements were made, not
         misleading with respect to the period covered by this quarterly
         report;

3.       Based on my knowledge, the financial statements, and other
         financial information included in this quarterly report, fairly
         present in all material respects the financial condition,
         results of operations and cash flows of the registrant as of,
         and for, the periods presented in this quarterly report;

4.       The registrant's other certifying officers and I are
         responsible for establishing and maintaining disclosure
         controls and procedures (as defined in Exchange Act Rules 13a-
         14 and 15d-14) for the registrant and have:

          a)    designed such disclosure controls and procedure to
                ensure that material information relating to the
                registrant, including its consolidated subsidiaries,
                is made known to us by others within those entities,
                particularly during the period in which this
                quarterly report is being prepared;

         b)     evaluated the effectiveness of the registrant's
                disclosure controls and procedures as of a date
                within 90 days prior to the filing date of this
                quarterly report (the "Evaluation Date"); and

         c)     presented in this quarterly report our conclusions
                about the effectiveness of the disclosure controls
                and procedures based on our evaluation as of the
                Evaluation Date;

5.       The registrant's other certifying officers and I have
         disclosed, based on our most recent evaluation, to the
         registrant's auditors and the  audit committee of registrant's
         board of directors (or persons performing the equivalent
         functions):

         a)     all significant deficiencies in the design or
                operation of internal controls which could adversely
                affect the registrant's ability to record, process,
                summarize and report financial data and have
                identified for the registrant's auditors any material
                weaknesses in internal controls; and

         b)     any fraud, whether or not material, that involves
                management or other employees who have a significant
                role in the registrant's internal controls; and


6.       The registrant's other certifying officers and I have indicated
         in this quarterly report whether there were significant changes
         in internal controls or in other factors that could
         significantly affect internal controls subsequent to the date
         of our most recent evaluation, including any corrective actions
         with regard to significant deficiencies and material
         weaknesses.



                                        /s/ Dr. David F. Hostelley
                           ---------------------------------------------
                                        Dr. David F. Hostelley
                                       Principal Financial Officer